It may be true: Your aging relative needs more and more care. You know you are the best person for the job. But it’s too much to do on top of your own work. Think twice before exiting the workforce, however. There are some stiff financial consequences. For...
I recently spoke with some bank colleagues about the role and benefits of elder care services in banks. At first glance this may seem an unlikely combination, but in fact, it is increasingly a benefit offered to private bank and trust clients. Some banks have been...
We were recently called in by a family upon their arrival to the U.S. after being evacuated from Cairo. The employee and her elderly family member were evacuated on short notice from Cairo during the 18 day protest. With the employee’s corporate elder care benefit,...
When considering adding an elder care benefit to your work/life program, consider that offering one is relatively inexpensive, and has high internal and external value. There is well known research from MetLife that shows how elder care benefits reduce turnover,...
I spoke with a Human Resources colleague recently who stated that while corporations and their employees have a great need for organizational elder care benefits, it is important that those who provide the benefit remain flexible in delivering the product. That...
Employee caregivers suffer a higher incidence of health conditions that are proven to be caused and/or affected by lifestyle factors, i.e. diet, stress, etc. In the MetLife Study of Working Caregivers and Employer Health Care Costs (Feb 2010), diabetes was more common...
